MillerKnoll Inc (MLKN)
Current ratio
| Nov 30, 2024 | Aug 31, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,125,800 | 1,071,800 | 1,083,400 | 1,114,300 | 1,097,700 | 1,176,200 | 1,276,100 | 1,309,900 | 1,331,200 | 1,317,900 | 1,271,100 | 1,214,600 | 1,135,700 | 906,500 | 868,500 | 837,900 | 757,500 | 917,100 | 636,300 | 666,800 |
| Total current liabilities | US$ in thousands | 703,700 | 675,700 | 680,500 | 713,800 | 704,500 | 702,800 | 733,200 | 773,200 | 773,000 | 877,400 | 833,600 | 857,300 | 806,800 | 476,500 | 499,900 | 507,500 | 477,500 | 470,200 | 506,100 | 481,400 |
| Current ratio | 1.60 | 1.59 | 1.59 | 1.56 | 1.56 | 1.67 | 1.74 | 1.69 | 1.72 | 1.50 | 1.52 | 1.42 | 1.41 | 1.90 | 1.74 | 1.65 | 1.59 | 1.95 | 1.26 | 1.39 |
November 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,125,800K ÷ $703,700K
= 1.60
The current ratio of MillerKnoll Inc has been relatively stable over the past few years, ranging between 1.26 to 1.95. The current ratio is a measure of a company's ability to pay its short-term obligations using its current assets, and a ratio above 1 indicates that the company has more current assets than current liabilities.
With a current ratio consistently above 1, MillerKnoll Inc demonstrates a healthy liquidity position, suggesting that it should be able to meet its short-term financial obligations. The slight fluctuations in the current ratio over time are normal and may be influenced by changes in the company's current assets and liabilities.
Overall, the current ratio data indicates that MillerKnoll Inc has maintained a solid liquidity position, which is essential for its financial health and operational stability.